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Home upgrades to add value News Post Image 29th August 2023

Home upgrades to add value

by Paul Howe

Adding value to your home is a key consideration for many home owners with many clients asking us which home improvements make the most impact when it comes to selling.

Of large-scale projects, research shows that a garage conversion or garden office may well provide the best return on your investment, especially with 44% of people now working from home (ONS).

With the cost of living at the forefront of minds, upgrades to energy efficiency can provide a better return on investment than a kitchen or bathroom renovation that may or may not suit a buyer's taste when you come to sell.

Smaller investments, such as redecorating and adding an electric vehicle charge point, can also add value. These projects also help your property appeal to a wider variety of prospective buyers.

Here’s the breakdown……..

Garden Office

Average cost: £9.5k

Average Value Added: £21.5k

Electrical Car Charging Point

Average cost: £1k

Average Value Added: £4.8k

Utility Room

Average cost: £8.1k

Average Value Added: £14.3k

Garage Conversion

Average cost: £13.7k

Average Value Added: £28.7k

Loft Conversion

Average cost: £37.5k

Average Value Added: £43.1k

Kitchen Upgrade

Average cost: £10.5k

Average Value Added: £15.8k

Source: Dataloft, Barrows and Forrester Property Group, ONS. Based on an average UK house price of £287,506.

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